Tech mahindra
Tech mahindra

Tech Mahindra ranks in all categories in Zinnov Zones for IoT Technology Services

Zinnov Zones 2016 – Internet of Things Technology Services is a key reference benchmark for Organizations to gauge the IoT vendor landscape and assist them in making informed sourcing decisions

Bangalore – November 25, 2016Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has been positioned in the Leadership Zone in the Zinnov Zones 2016 – Internet of Things (IoT) Technology Services report. Tech Mahindra has been placed in the Zone based on its capabilities across the IoT value chain.

The study titled 'Zinnov Zones for IoT Technology services 2016,' is an inaugural and annual study to assist business leaders spearheading global Internet of Things initiatives in making right decisions in partner selection across geographies. The report analyses the global IoT market and trends from the point of view of both the spenders as well as the service providers, and the global service providers are rated on their IoT Technology Services competency across Zinnov Zones.

The ratings are done extensively across eight segments. These include: Advisory & Consulting, Product Development Engineering, Managed Services, Sensors & Device Engineering, Network Engineering & Management, Software Platform Engineering & Management, Engineering Analytics & Decision Sciences. The rating is based on key parameters such as Innovation, Capabilities, Human Capital, Financials, Ecosystem Linkages, Infrastructure, Client Relationships and Engagement Model Maturity.

Tech Mahindra has been recognized as a leading player in all the eight segments. Zinnov has analyzed more than 30 Service Providers for this rating.

Detailed ratings and the study is available on http://zinnov.com/zones.

“With strong end-to-end competencies, Tech Mahindra has carved a position among the leaders of IoT technology services. Market-ready solutions, potential to scale up, strong ecosystem partnerships and ability to work in evolving engagement models differentiate Tech Mahindra from emerging peers.” said Sidhant Rastogi, Partner & Practice Head, Zinnov

Tech Mahindra is one of the earliest ones to identify opportunities in “Connected World” which will be driven by “Connected Devices” powered by IoT. The company has been steadily building up capabilities in this space through a mix of organic and inorganic means. The Zinnov ranking further strengthens Tech Mahindra’s positioning in the market.

"We are delighted to be positioned in the Leadership Zone for IoT services. This rating is recognition for the quality and breadth of IoT services Tech Mahindra delivers, from Sensors, Connectivity and Analytics to IoT Consulting, Product Development, Network Engineering and Managed Services,” said Karthikeyan Natarajan, Global Head, Engineering, R&D, IoT, Tech Mahindra.

“As a System Integrator, we bring a unique combination of Platforms, Partnerships and Innovation to Enterprise and Industrial IoT. We play a vital role in the Digital Transformation of customers’ businesses and our positioning reflects our excellent track record in envisioning, implementing and managing such projects,” added Natarajan.

According to Zinnov, the global spend on IoT technology products and services by corporates currently stands at around USD 120 billion and is expected to grow at a CAGR of 16% to reach USD 253 billion by 2021. Majority of the spending in this segment happens in the Industrial segment followed by BFSI and High Tech.

About Zinnov

Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading Globalization and Market Expansion Advisory firm, with specialization in areas such as Digital Transformation, Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov offers advisory services to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions help in integrating organizational vision, business definition and processes.

Visit us at www.zinnov.com . To request information, contact Jaya Shukla at media@zinnov.com  

Disclaimer

Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. 

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 121,000+ professionals across 90 countries, helping 938 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

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